Symposium is essentially a conversation between group members in front of an audience
The quantity of the $1,000 deposit is the bank required to keep in reserves is 20%.
<h3>What is a reserve deposit?</h3>
A reservable deposit would be any bank deposit subject to bank reserves established by the Federal Reserve Bank of the United States.
Some key features of reserve deposit are-
- Through the mechanism of fractional reserve banking, such a deposit could be used in part as a loan.
- The remaining portion, as established by the Fed's bank reserves, must be kept by bank & made available for prompt withdrawal upon request.
- A reservable bank is a banks deposit that is subject to the reserve requirement guidelines of the Federal Reserve.
- Transaction (checking) savings account, savings accounts, as well as non-personal time deposits are all examples of reservable deposits.
- Sweep accounts, often known as money market funds, is non-reservable deposit account that generate a greater rate of interest than reservable deposit accounts.
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Answer:
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Answer:
if i step on an ant will i go to jail for murder
Explanation:
Answer:
the gross profit reported is $1,518
Explanation:
The computation of the amount of gross profit that reported is shown below:
But before that the gross profit percentage is
= (Sales - cost of goods sold) ÷ (sales)
= ($138,000 - $110,400) ÷ ($138,000)
= 20%
Now the gross profit is
= $25,300 × 20% × 30%
= $1,518
Hence, the gross profit reported is $1,518
